Corporation Tax powers for Stormont - No Thanks
21 May 2012
Statement by TUV Leader Jim Allister:-"As business leaders at Stormont today to clamour for the transfer of powers over corporation tax, it is clear they neither know nor care what it would cost. The vested interest of big business rests solely in reducing their tax bill, but what will be the corresponding haemorrhage from the block grant which every one in Northern Ireland will bear through a cut in public services? This unanswered question is the elephant in the room that today's gathering is seeking to ignore.
"Politicians too are gathered to cheer on the corporation tax lobby, but they too haven't faced up to the cost; for them it's a mix between the vanity of getting more powers and clutching at any idea to be seen to be doing something. When I look at how they have mismanaged the powers they already have, in my book the last thing anyone should be contemplating is giving the dysfunctional Stormont Executive any tax-raising powers, be it over corporation tax or anything else."
